Thursday, October 13, 2005

Wed - Google and Comcast to bid for AOL stake

Google and Comcast have teamed up for negotiations to take a joint minority stake in Time Warner’s AOL internet portal unit.

The approach by Google and Comcast pits them against Microsoft, which for several weeks has been in talks with Time Warner over a similar deal, and indicates that Time Warner is serious about selling a stake in AOL.

Wrangling over AOL will get heated. I wonder if Parsons is planning a deal with all of AOL or whether he plans to split AOL in two? The ISP and the ad based internet portal. Lets see.